FCA Launches New Regulatory Priorities Reports
Summary
The FCA has launched new Regulatory Priorities reports, starting with the insurance sector, to replace over 40 previous portfolio letters. These new reports aim to streamline communication and provide clearer, higher-level guidance for regulated firms.
What changed
The Financial Conduct Authority (FCA) has introduced a new format for communicating its regulatory expectations, replacing over 40 individual portfolio letters with 9 streamlined Regulatory Priorities reports. The first report focuses on the insurance sector and is designed to be clearer, easier to navigate, and provide a one-page summary of priorities with direct links to further detail. This initiative aims to reduce regulatory burden and complexity for firms.
Regulated firms, particularly those in the insurance sector, should review these new reports to understand the FCA's current priorities and any associated actions required. Boards and Chief Executive Officers are specifically advised to read these reports carefully and act on the outlined priorities. The FCA intends to publish these reports annually to keep firms updated on evolving policies and issues.
Source document (simplified)
24 February 2026
2 minutes reading time
A smarter approach to communicating our regulatory priorities
Charlotte Clark
Director of cross-cutting policy and strategy
Our Regulatory Priorities reports mark a new approach that will help to transform our supervision and streamline regulation.
We've launched our new Regulatory Priorities reports, starting with the insurance sector. This marks a new approach that will help to transform our supervision and streamline regulation.
We expect regulated firms to follow the rules and stay informed about any changes. This is important for maintaining a safe and resilient market. Our mission to be a smarter regulator means reducing burden where we can, so that firms can get the information they need as efficiently as possible.
Our Regulatory Priorities publications are part of this drive to simplify things. They replace our portfolio letters, which set out our expectations for firms in various markets.
There were more than 40 of these letters, with some firms needing to work through several to understand what they needed to do. We know these created an extra layer of complexity, and we’ve responded to these concerns.
What firms can expect
There are just 9 of the new publications, covering each sector at a higher level. We’ve designed them to make it easy for firms to get to the information that affects them directly, with the right links to the detail they need.
We’ve tested our approach with a pilot for insurance firms, which has helped us make sure the documents are easy to use.
We’ve aimed to have clear content and easy navigation, summing up each of our priorities on one page with clear actions for firms.
The reports also set out what’s coming up in each sector - making them a succinct one-stop shop for regulatory information.
We’ll publish them more frequently too, with an annual cycle - so it’s easier for firms to stay up to date with policies and issues as they develop.
The purpose remains the same though. Firms’ boards and chief executives should read these reports carefully, review the priorities we’ve set out – and act where they need to.
We want to keep the conversation going about how we can streamline our regulation and simplify our communication, letting firms spend more time serving their customers and creating growth. We hope these new reports will be part of that drive and are keen to know how they work for firms.
Recap: Things you need to know
- New, streamlined Regulatory Priorities reports to replace over 40 portfolio letters.
- Just 9 sector reports, which are clearer, quicker and easier to navigate.
- One‑page priority summaries with direct links to the detail.
- Reports will be updated annually, keeping you in step with change.
- Boards and CEOs should review and act on the priorities.
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